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MUSystem Help:

Here’s How to Create your

MyEtherWallet

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The first step is setting up Ethereum ERC20 compatible wallet.

And the second step is working with the MUSystem  smartcontract.

4. Save your private key.
It may look just like a string of symbols, but this is your private key and its safety is of critical importance. Make sure to back it up and keep it safe. You can also print it to keep it as a paper wallet. Remember, there is no way to retrieve your forgotten or lost private key and password, therefore, take all necessary safety measures suggested by the page.

5. Use your private key or keystore file to open your wallet. 
There are many ways to unlock your wallet, but to keep it simple let’s stick with the files we just got — private key and keystore file. Select and paste your private key or upload the keystore file to unlock your wallet.

6. Congratulations, you’ve just opened your fully functional Ethereum wallet. 
Next time you want to access it, go to www.myetherwallet.com, click “View Wallet Info” in the top right corner and authorize yourself again.

All is left now is to load your wallet up with some Ether.

 

If you already hold some of it, send it to your MyEtherWallet address. 

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If you need help in getting an Ethereum (in the local currency exchange), follow the page containing several convenient and trusted exchange services. The exchange process simple and intuitive.

The second step is learn how to interact with the MUSystem smartcontract to provide and receive donations.

Why do I need an ERC20 compatible Ethereum wallet?

MUSystem tokens are issued on Ethereum blockchain. It means that people who want to participate in MUSystem need to have Ethereum and its wallet. However, not all digital wallets support Ethereum powered tokens. To participate in MUSystem, you need to set up an Ethereum ERC20 compatible wallet where

you and only you hold its private keys. You probably know that MUSystem is about buying and selling tokens. Your private keys are necessary for correct and safety interaction with MUSystem smartcontract to buy and sell tokens.

Compatible wallets

These wallets have been verified to support Ethereum ERC20 (including MUS) tokens.

The list is continuously updated at Tokenmarket.

Incompatible wallets

To date, these Ethereum wallets are known to be incompatible with MUSystem. Before investing, you should move your ETH to one of the wallets mentioned above.

  • Any Bitcoin exchange

  • Any Ethereum exchange

  • Coinbase

  • Exodus

  • Bitrexx

  • Jaxx

  • Poloniex

  • Kraken

  • Bitfinex

  • Cex.io

  • Bitstamp

Next, we will show you how to open a suitable Ethereum wallet that will serve your needs. For that, we'll use MyEtherWallet.

How to open MyEtherWallet to participate in MUSystem

MyEtherWallet is the most convenient Ether wallet which is capable of smartcontracts. Thus, it’s no surprise that most people use it to store their MUS tokens acquired via MUSystem. It is an online wallet, but it also provides offline and hardware wallet support, meaning that users can generate wallet keys for a variety of Ethereum storage solutions. That makes it a great all-around solution.

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Here’s how to set it up. 

If this instruction seems to you difficult, it is recommended to read and watch the video tutorial: https://kb.myetherwallet.com/getting-started/

1. Go to www.myetherwallet.com. 
You will be greeted by several safety reminders and option to create a new wallet.

2. Create a password.
Use a combination of letters, numbers and symbols to make it as strong as possible. Write it down immediately and, if possible, make several copies. Then, click “Create New Wallet”.

3. Download and store your keystore file. 
Do it for security reasons. As you know, there can never be too much safety precautions in money operations. Store your keystore file in a secure location and click continue.

To clear the confusion, here is a token compatible Ethereum wallets list.

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